Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
KatWoman, He really does do some of the best work and works his hardest long hours and all, " Coming from another of the best, Quoted...........Find out all you can and then go ALL IN!"
Texas Ripp Go KATX Go......
Pro- You were right today, but will pick up another 40k tomorrow at .129 hopefully. Of course after the inital rise then drop. See ya all manana. Keep on yelling
The Man of the Hour- Mr. Ken Stead......crowd goes wild. "what's up with the volume here"?
Other properties will continue to have sufficient amounts of work completed this year to keep them in good standing?
So the province itself is very exciting when it comes to new mining and oil discoveries. So KAT Exploration has great plans of moving forward, and we know what we are doing. We have good properties, good prospects, and good mining When all is said and done, we see ourselves as having a long prosperous future with all of this at our fingertips and next door to us, we can sell any discovered deposits.
All of Kat Exploration’s properties are located close to infrastructure including hydroelectric facilities and well maintained roads that traverses the properties. These areas are receptive to mining, and the provincial government is a pro-mining organization that welcomes new projects of all kinds.
Mr_Buzz are you talking about the
First PR Uplist
or
1. NDA
2. NDA
3. NDA
or more results coming back from ACTLAB!
(Nothing has been factored, yet) That is the Beauty of this Beast
No News is always Good News.....Do you really know what you are asking for.....Cause when it comes, you better hang on to your socks (They will be stuck on the ground while you are up in the air out of your chair). Personally, got my Financial Advisor on speed dial, now.
Leafs007 - Here ya go buddy. One more time
Patrick,
I am going to try to answer your question one more time. The reason KAT was put on the PS and not the TSX is as a start up company to get on such a trading site is very expensive and takes considerable time, neither of which the founders of the company had at the time. Not only this but there is many mining exploration and developed miners trade other than the TSX. We have some time ago expressed our intent and desire to upgrade from where we trade, the future will take care of that. There are no reasons other than I have stated as to where we are trading and why, except to say that at this point we are extremely happy as to the direction of the company. Hope you have a good day.
Jack Zwicker
Wow Birdman, "Mayor of Handcamp" Take the job. TY for all your Hardwork, Heard that Twi-lite is just next door. You got my vote.
10:30ish is coming up.
PRO - Here, Here......Volume is flying this morning.. Let's see who shows up to buy new on the level 2.
KATX: Re.... Epic Day for our KATX. 13's are gonna drop Fast!
Either a jv or we lost a bundle on the craps table last night - Uranium and diamonds
Doubloon - great new site and still funny as always. Buying some allana, ppi, and urst this week
katx board sucks now
pj
”Uranium is one of the more common elements in the Earth’s crust it is more common than tin, about 40 times more common than silver and 500 times more common than gold.” (This means that there is a very good chance that we have uranium too in my opinion.)
http://www.cameco.com/uranium_101/
For inquiring minds, the CEO of KATX (Ken), have some close ties with some Cameco contacts from when he was previously the CEO of another company located in Canada. Who knows what that could later mean for KATX?
Better, yet, uranium has been confirmed in the same mineral belt of where our Handcamp and Twilight gold properties are currently located. The uranium that was indentified in this belt created the largest staking rush in history of New Foundland if one were to go back and research. This KATX investment just keeps getting better and better.
by the great Stervc
GUMP ..School is in Session. your MOST RECENT REMARK ... "I AM AFRAID NOT" ...THAT IS A ((NOT)) WITH FREYS ON THE END! Felsic is the way to go
USGS Home
Contact USGS
Search USGS
Mineral Resources On-Line Spatial Data
http://tin.er.usgs.gov/vms/about.php?group=Site+characteristics ………………………………………….. Mineral Resources > Online Spatial Data > Volcanogenic massive sulfide deposits
Database fields in category Site characteristics//////GUMP IS MISTAKEN …BUT WHAT ELSE IS…..WELL WHATEVER ////////////////////////////////// (((FELSIC)))) VMS Deposits are … “volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent.//// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent./// volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent.
Label Statistics Description
dep_type
main
Type of deposit: Felsic; Bimodal-Mafic; or Mafic. These VMS-deposit types were adopted on the basis of simplicity of use, greater relevance to map units, and our grade and tonnage models. The three VMS-deposit types are compared to previous VMS-classification schemes in table 1 of the report. The felsic type deposits are hosted in a dominantly felsic to intermediate volcanic sequence and includes those formerly classified as kuroko-type deposits (Singer, 1986b; Singer and Mosier, 1986b). This type includes deposits hosted in a continuous felsic to intermediate volcanic sequence, a bimodal-felsic volcanic sequence, or a siliciclastic-felsic volcanic sequence. The bimodal-mafic type deposits are hosted in a dominantly mafic (andesite to basalt) volcanic sequence associated with greater than 10 percent felsic (rhyolite to rhyodacite) volcanic units. Dacite or andesite rocks are either rare or absent. This deposit type includes kuroko-type (Singer, 1986b; Singer, and Mosier, 1986b), Noranda-type (Morton and Franklin, 1987; MacGeehan and MacLean, 1980), and Urals-type (Prokin and Buslaev, 1999) deposits of previous classifications. The mafic type deposits are hosted in a dominantly mafic (andesitic basalt to basalt) volcanic sequence; some are associated with gabbro, diabase, and ultramafic rocks of more complete ophiolite sequences. Felsic rocks are rare or absent. This deposit type include the Cyprus-type and Besshi-type deposits (Cox, 1986; Singer, 1986a; Singer, 1986c; Singer and Mosier, 1986a). In a few cases, it was not possible to classify a deposit for lack of crucial information, such as the composition of volcanic rocks or the proportions of felsic and mafic volcanic rocks in bimodal volcanic sequences.
disc_date
main
Date the deposit was discovered, if this is known
start_date
main
Start date of mining or production if known. B.C. years are negative numbers and A.D. years are positive numbers.
tonnage
main
Total amount of ore in millions of metric tons (tonnes) based on the total production, reserves, and resources at the lowest possible cutoff grade.
cu_grade
main
Percentage of copper in the ore
zn_grade
main
Percentage of zinc in the ore
pb_grade
main
Percentage of lead in the ore
au_grade
main
Grams of gold per metric ton of ore
ag_grade
main
Grams of silver per metric ton of ore
stringer
main
Presence or absence of small offshoot veins of ore material.
comments
main
Supplementary information about incompletely explored deposits, as well as grades of additional elements, such as S, Ba, Pt, Pd, Cd, Se, and others when available.
age_dep
main
Formal division of geologic time during which the deposit formed
age_my
main
Absolute age reported in millions of years before the present based on reported absolute (typically zircon geothermometry or isotope geochronology) ages or midpoints of geologic time-scale units (Remane, 1998).
ore_area
main
Area of the deposit in square kilometers
ore_a
main
Major axis of the orebody in km
ore_b
main
Minor axis of the orebody in km
alter_area
main
Area of the alteration zone in square kilometers
alter_a
main
Major axis of the alteration zone in km
alter_b
main
Minor axis of the alteration zone in km
geochem
main
Short description of the chemical elements whose values are anomalous, may include the type of material in which those anomalies were found.
geochem_a
main
Major axis of the geochemical anomaly in km
geochem_b
main
Minor axis of the geochemical anomaly in km
geophys
main
Short description of the geophysical attribute whose value is anomalous, may include method of determining the anomaly
geophys_a
main
Major axis of the geophysical anomaly in km
geophys_b
main
Minor axis of the geophysical anomaly in km
cover
main
Deposit cover provides information about the thickness of the covering material. A zero value indicates that the ore deposit, including gossan outcrops, is exposed at the surface. A value greater than zero depicts the thickness of the material covering the deposit. Deposit cover values may also include the water depth for deposits hidden beneath a lake, such as at Chisel Lake, Manitoba, Canada. No value indicates that no information is available for this field.
lithotect
main
A classification of the deposit using one or more of eight lithostratigraphic associations in tectonic settings. When the lithotectonic setting was undetermined, it was coded as 'Unclassified.' The lithotectonic settings are defined as follows: 1. Siliciclastic-felsic in a mature epicontinental arc. Found in epicontinental backarc settings, the stratigraphy consists of continent-derived sedimentary rocks (~80%) and felsic volcaniclastic rocks, with minor flows domes, and their intrusive equivalents (~25%), mafic (tholeiitic to alkaline) flows, sills, and minor volcaniclastic rocks (~10%). Mafic volcanic rocks and argillaceous and chemical sedimentary rocks are typically in the hanging wall. 2. Bimodal-felsic in an epicontinental arc. Found in rifted continental margins and incipient (suprasubduction related) arcs, the stratigraphy consists of submarine felsic volcanic rocks (35-70%), basalt (20-50%), and terrigenous sedimentary strata (~10%). 3. Bimodal-felsic in an oceanic arc. Found in oceanic backarc rifts, the stratigraphy consists of submarine felsic volcanic rocks (50-70%), mafic volcanic rocks (20-50%), and sedimentary rocks (up to 30%). 4. Bimodal-mafic in an epicontinental arc. Found in epicontinental backarc settings, the stratigraphy is dominated by mafic volcanic rocks (pillowed and massive basaltic flows and pyroclastic rocks), with minor felsic volcanic rocks (flows, pyroclastic rocks, domes) and volcaniclastic rocks (<25%), and subordinate terrigenous sedimentary rocks. 5. Bimodal-mafic in an oceanic arc. Found in incipient-rifted arcs above intraoceanic subduction zones. The stratigraphy is dominated by basalt pillowed and massive flows and volcaniclastic rocks with minor felsic flows, volcaniclastic rocks, and domes (<25%), and subordinate terrigenous sedimentary rocks. 6. Mafic in a primitive oceanic backarc. This stratigraphy includes mature intraoceanic backarcs and transform fault settings, dominated by MORB-boninitic and tholeiitic successions of pillowed and massive basalt flows, minor felsic flows and domes, including subvolcanic plagiogranite and icelandite, minor ultramafic flows and intrusions, synvolcanic mafic dikes and sills (up to 50%), and prominent altered mafic synvolcanic intrusions. Sedimentary rocks are minor (<10). Less common is alkaline basalt (locally bimodal) in oceanic island or late-stage continental backarc seamount environments. 7. Mafic in a midoceanic ridge. The stratigraphy consists of dominantly massive and pillowed basalt flows associated with synvolcanic mafic dikes or sills, ultramafic flows, and intrusions, typically part of an ophiolite sequence. Felsic volcanic and sedimentary rocks are rare (<5%). This mafic setting is distinguished from the primitive oceanic backarc setting by the absence of an associated arc. 8. Pelite-mafic in a mature oceanic backarc. This stratigraphy includes mature oceanic backarc and sediment-covered midoceanic ridge and transform fault settings. The stratigraphy consists of basalt and pelite, in equal proportions, to pelite-dominated successions, with mafic sills (up to 25%), felsic flows, sills, domes, and volcaniclastics (<5% or absent), and carbonaceous argillite with subordinate siltstone, wacke, and sandstone. Because of the difficulty of recognizing the specific lithotectonic setting for each of the VMS deposits in this report, the lithotectonic setting classification should be viewed as preliminary. Many of the volcanic belts have not been sufficiently investigated to determine whether they were formed in an epicontinental (sialic) or an oceanic (ensimatic) environment. Furthermore, the tectonic settings of some belts are not in agreement among investigators, such as at Joma, Norway (Stephens and others, 1984). Lithogeochemical data, particularly for the rare earth elements, are not available for many volcanic rocks that would allow classification of paleotectonic environments using element-ratio discriminant diagrams.
postmindef
main
Post-mineral deformation includes such actions on the ore deposit as folding, displacement, and shearing.
meta_grade
main
The grade of regional metamorphism and, where intrusions are present, the nature of contact-hydrothermal effects. In some cases, diagnostic metamorphic minerals and contact temperature and pressure are given.
synminint
main
The presence of subvolcanic or plutonic intrusive bodies that were emplaced at the time of mineralization.
postminint
main
The presence of subvolcanic or plutonic intrusive bodies that were emplaced after mineralization.
syndepctrl
main
Structural controls on mineralization. 'Stratigraphic' is used for stratabound or stratiform deposits that occur mostly within a single lithostratigraphic unit. 'Rock contact' is used for ore deposits that occur either at the contact between two different rock layers or with a discordant rock body, such as a dome or an intrusion. Other terms in this field are recorded as initially reported.
value
mineral
Reported minerals listed in alphabetical order. We attempted to tabulate specific mineral names when available, but, in some cases, when specific minerals were not reported, group names were included, such as 'carbonates' or 'sulfosalts.' Most ubiquitous rock forming minerals, such as feldspar, calcite, and quartz, are not included. Native metals are reported with just their element names, such as gold, silver, bismuth, and platinum. For consistency, attempts were made to eliminate synonyms, such as covelline, black jack, niccolite, which were replaced by covellite, sphalerite, nickeline, respectively. Some solid solution series, such as 'tennantitetetrahedrite,' were entered as separate mineral end members of the series, such as 'tennantite, tetrahedrite'. Chemical formulas were included for some unnamed species or rarer minerals. Because of the varied levels of reporting mineralogy, most of the deposits in this report display an incomplete list of minerals.
value
host_rock
Rocks that are in direct contact with the ore deposit. Facies associations in the same horizon are indicated by rock names connected by hyphens. The rocks listed are those that occur in the stratigraphic column immediately around the VMS deposit. Some rocks that are important in exploration for VMS deposits, such as exhalite beds (for example, chert, jasperoid, or siliceous bed), may not have been recorded if they were not recognized by the investigators.
value
rocks_up
Rocks that stratigraphically overlie the ore deposit. When available, we list the stratigraphic order of rock units from top to bottom, with given or measured thicknesses of rock units shown in parentheses. Facies associations in the same horizon are indicated by rock names connected by hyphens. The rocks listed are those that occur in the stratigraphic column immediately around the VMS deposit. Some rocks that are important in exploration for VMS deposits, such as exhalite beds (for example, chert, jasperoid, or siliceous bed), may not have been recorded if they were not recognized by the investigators.
value
rocks_down
Rocks that stratigraphically underlie the ore deposit. When available, we list the stratigraphic order of rock units from top to bottom, with given or measured thicknesses of rock units shown in parentheses. Facies associations in the same horizon are indicated by rock names connected by hyphens. The rocks listed are those that occur in the stratigraphic column immediately around the VMS deposit. Some rocks that are important in exploration for VMS deposits, such as exhalite beds (for example, chert, jasperoid, or siliceous bed), may not have been recorded if they were not recognized by the investigators.
value
rocks_5km
Rocks on a regional map found within 5 kilometers of the deposit. When available, the ages of the associated rocks are added to the field.
value
dep_5km
Deposit types that occur within 5 kilometers of the deposit. In many situations, these spatially related deposits are merely occurrences and not economic mineral deposits. The deposit type is designated using the model number and name listed in USGS Bulletins 1693 (Cox and Singer, 1986) and 2004 (Bliss, 1992).
value
dep_10km
Deposit types that occur within 10 kilometers of the deposit. In many situations, these spatially related deposits are merely occurrences and not economic mineral deposits. The deposit type is designated using the model number and name listed in USGS Bulletins 1693 (Cox and Singer, 1986) and 2004 (Bliss, 1992).
value
reference
Papers, web sites, and unpublished sources that provided data for the deposit
Accessibility FOIA Privacy Policies and Notices
U.S. Department of the Interior | U.S. Geological Survey
URL: http://tin.er.usgs.gov/vms/about.php?group=Site+characteristics
Page Contact Information: pschweitzer@usgs.gov
Page Last modified: 14:57 on 15-Apr-2010
Mining is back in central Newfoundland How Easy/ Right around the corner
Duck Pond Copper-Zinc Mine
Summary of Environmental Assessment Process:
The proponent proposes the development and operation of a 1,500 tonne per day copper-zinc mine near Duck Pond, 30 km southeast of Buchans. The project was previously proposed in 1988 by Noranda Minerals Inc. and the minister directed the company to prepare an Environmental Impact Statement (EIS). Before the EIS was finalized the project was put on hold as Noranda was unable to discover sufficient reserves to make the project economically feasible. The present proponent has downsized the project to conform with known resources.
The physical features of the undertaking will include the construction of a road, transmission line, temporary construction camp, underground mine workings, processing plant, two open pits, tailings storage area, potable and process water supply, domestic and mine waste disposal area, and chemical storage area. A concentrate unloading/loading marine facility has not yet been selected. Set-up at the site is tentatively scheduled to begin in April-May 2001.
Smooth sailing at Duck Pond
By: Jane Werniuk
If ever there was an example of how small communities and a modest mine could be good for each other, it would be Duck Pond. The owner needs new ore, and the region needs the jobs the mine will bring.
The last generation of miners in central Newfoundland were trained for the Buchans and Daniel's Harbour mines, closed decades ago. The region's last mine--Richmont Mines' Nugget Pond gold mine in Baie Verte--closed three years ago. Duck Pond will be the first mine in Newfoundland for 100% owner Aur Resources of Toronto, whose other producers (Quebrada Blanca and Andacollo) are open pit copper mines in Chile. Its Louvicourt mine in Quebec closed last year when the ore ran out.
The Duck Pond property was optioned from Noranda in 1999 by Thundermin Resources Inc., which entered into a joint venture with Queenston Mining Inc. The consultant MRDI (now AMEC) completed a feasibility study on the property in 2001. The environmental impact statement prepared by Jacques Whitford Environmental was submitted in 2001 and accepted by the provincial government in January 2002. In March 2002, Aur purchased the Thundermin and Queenston interests for the equivalent of $6 million. Falconbridge retains a 2% NSR royalty on production.
Vice-president of development projects Ed Stuart explained that the company spent the next 31 months updating and optimizing the feasibility study, and re-estimating the reserves and resources. During this period of low metal prices, Aur looked hard for ways to minimize costs and ensure profitability of the small but rich deposit. In additional to minimizing capital costs, it concluded that costs would be lower if the plant throughput were expanded from 1,500 to 1,800 tonnes/day. Aur finally made the go-ahead decision in December 2004, and work began immediately.
The polymetallic underground mine lies near the small communities of Millertown and Buchans Junction, and is 45 km from Buchans and 110 km from Grand Falls-Windsor. Local infrastructure has made the development relatively easy. The mine has built a 66-kV powerline from Buchans to the site allowing it to tap into the provincial power grid, with Newfoundland and Labrador Power. The company hired Newfoundland-based Adams Construction to build or upgrade 30 km of gravel road to link the mine to Millertown. This same road will provide access to the TransCanada Highway, for the concentrate to be trucked out. It will be taken to a new shed built at an existing commercial bulk loading facility at Turf Point in the port of St. Georges on the island's west coast. This port is open for shipping throughout most of the year.
The US$94-million Duck Pond mine development is on schedule for startup in the fourth quarter of this year, with commercial production expected early next year. Late in 2005 Aur made the decision to accelerate the underground development at a cost of US$3.7 million and to purchase rather than lease the mine mobile equipment, increasing the capital by US$7.2 million. These moves are expected to optimize mine production in 2007 and reduce operating cash costs in the future.
The 1,800-tonne/day mine and plant will produce an annual average of 41 million lb of copper, 70 million lb of zinc, 536,000 oz of silver and 4,100 oz of gold over six to eight years, from 2007-13. While the mine life is short, the new concentrator may have a longer-term impact. If it were available as a custom mill, it would make other deposits in the area more economically attractive, such as Messina Minerals' Boomerang prospect in the Tulks Valley 70 km away, or Mountain Lake Resources' Bobby's Pond prospect 30 km away.
Discovery
The Duck Pond property lies within the Dunnage Zone made up of Cambrian submarine volcanic and deep-water sedimentary rocks. The mineralization is volcanogenic massive sulphides and stockworks enriched in copper and zinc, with lesser silver and gold credits. The layers vary from relatively flat-lying to almost vertical.
Noranda Inc. (now Falconbridge Ltd.) first discovered the Burnt Pond copper-zinc prospect in 1973 followed by the near-surface Boundary deposit in 1980. Exploration from 1985-91 delineated the three underground zones of the richer Duck Pond deposit 4.5 km to the southwest (Upper Duck, Lower Duck and Sleeper), just south of the new plant.
The total reserves as of the end of 2005 were 4.078 million tonnes grading 3.29% Cu, 5.68% Zn, 59.3 g/t Ag and 0.86 g/t Au. This includes 3.7 million tonnes of higher grade ore at the underground mine and 0.4 million tonnes in the open-pitable Boundary deposit. This is sufficient to support a mine for 6.3 years. In addition, the Lower Duck deposit has measured and indicated resources of 1.073 million tonnes grading 3.04% Cu, 7.05% Zn, 71.2 g/t Ag and 0.81 g/t Au, which could extend the mine life to eight years.
It should be noted that these estimates were made in 2004 using prices and currency exchange that now seem very conservative: copper at US$0.95/lb, zinc at US$0.50/lb, silver at US$5.00/oz, gold at US$275/lb, and an exchange rate of US$1.00 = Cdn$1.47.
As an extra insurance, Aur entered into a forward sales contract in January 2006 for 75% of its zinc production (totaling 116,300 tonnes) from 2007 through 2011, at prices between US$0.84 and $0.63/lb. This transaction has assured the company of US$55.5 million more revenue than it would have if it sold this zinc at the US$0.50/lb zinc price used in the feasibility study. The remaining zinc and all copper production is unhedged. However, given current zinc prices at around $1.40/lb, in hindsight the timing of the contract could have been better.
The payback period for Duck Pond anticipated by the feasibility study was approximately 3.5 years, but with today's metal prices a much faster payback is expected, and a much higher rate of return on investment than the approximately 15% forecast by the study.
Although it is smaller, Duck Pond has quite a bit in common with Aur's former Louvicourt mine near Val d'Or, Que. When Louvicourt closed down in July 2005, Aur purchased most of the mine and mill equipment from its joint venture partners (Novicourt and Teck Cominco), and moved it to Newfoundland. Duck Pond also inherited some of Louivourt's personnel including mine superintendent Guy Belleau who has been Duck Pond's mine manager since July 2003.
The mine development has a small footprint--139 ha--with the surface crusher and processing plant right next to the portal entrance, and the tailings pond nearby. A surface complex houses administration, the mine/concentrator dry and laboratories. As well there will be a primary warehouse and garage. The site camp consists of trailers that house workers, most of whom are on seven-day shifts.
Building the mine
The underground reserves will be extracted via a ramp from surface, with two open pits (North and South) extracting the Boundary deposit ore in the final year of operation.
The underground mine consists of high-value ore that will be mined using maximum selectivity and minimum dilution. Longhole stoping will account for most of the mining, with 20-30-m-high stopes that, once mined out, will be filled with either paste backfill or mine development waste. Bench stoping will be used to recover reserves on the peripheries of the longhole stopes or in areas where the ore is not thick enough for efficient longhole stoping.
Drift-and-fill mining will be used in the relatively thin and flatter-lying fringes of the deposit. Where necessary, these stopes will be filled with paste backfill; however, wherever possible they will be filled with development waste.
The underground equipment is trackless diesel, including jumbo, longhole and down-the-hole drills, 6.8-m3 load-haul-dump units, 30- and 45-tonne underground haul trucks and various service and support equipment. A small amount of new equipment has already been purchased including three 45-tonne Caterpillar haulage trucks, three Caterpillar R1700G remote-capable load-haul-dump units, and a two-boom Altas Copco drift jumbo.
The first round for the portal was blasted in May 2005. The 14.5%-grade ramp runs from the portal in a straight line for 1,100 m toward the ore and then spirals mainly in the footwall west of the deposit. The ramp will extend to the mine bottom--about 446 m below surface. The first longhole stoping will be between 24 and 26 levels (about 250 and 280 m depth, respectively). The stopes will be filled with paste backfill, returning about 54% of tailings to the mine. The next longhole stoping will be done between the 21 and 24 levels.
Milling process
Uncrushed ore will be trucked to the crusher station on surface near the portal, where it will be placed in a 6,000-t stockpile or dumped directly through a grizzly to a 1.1-m x 0.8-m, single-toggle jaw crusher, reducing the size to -15 cm. The crushed ore will be conveyed to a 1,500-t coarse ore bin. An apron feeder beneath the bin will reclaim ore onto a conveyor that will take the crushed ore into the concentrator building to feed the grinding circuit. Outdoor discharge points are being skirted to control dust.
There will be three primary flotation circuits--bulk copper/lead and zinc, each including a regrind stage, plus copper/lead separation. The flotation circuits will consist of a selective rougher flotation stage and a scavenging section followed by one stage of cleaning for the roughers, and three stages of cleaning for the scavenger flotation concentrate. The product will be upgraded in three counter-current cleaner flotation stages. Cleaner-scavenger tailings will be directed to zinc circuit feed together with the copper rougher-scavenger flotation tailings.
All the cells in the copper flotation circuit will be of conventional design, fitted with agitators suitable for fine particle flotation. Each individual cell will be provided with a manual airflow control valve, while each bank will be fitted with an airflow meter and an automatic valve to maintain the required air volume to the bank. Each bank will be equipped with a pulp level transmitter that will activate dart valves located in the discharge boxes.
The final copper and zinc concentrates will be dewatered in thickeners followed by four Larox pressure filters (two for copper; two for zinc) to 9% moisture content. The copper concentrate will grade 24% Cu, while the zinc concentrate will grade 56% Zn. Copper and zinc recovery of 85% are expected.
Following filtration, the copper and zinc concentrates will be discharged by gravity into an unheated load-out area for loading into 10 trucks per day, each holding up to 40 tonnes of concentrate. (The gravel road cannot handle heavier loads.)
The zinc scavenger tails and lead concentrate will be dewatered in a high-capacity, 16-m-diam thickener and sent to the paste backfill plant. There it will be mixed with water and a binder consisting of 90% slag and 10% Type 10 Portland cement using a screw mixer. A 190-kW high-pressure piston pump will deliver pastefill to the mine via a 127-mm steel pipeline.
When in full production, Duck Pond will provide about 180 full-time jobs. As well, the spinoff effect will create or maintain approximately 500 jobs in the area. The development has already had positive effects in the region.
Aur is making a point of hiring local firms as much as possible. That started with choosing an EPCM contractor--Met-Chem Canada--that had previous experience on the island, but mainly because it teamed up with the local firm SGE-Acres (now Hatch) for all the surface construction management and some of the engineering work.
Duck Pond has been positively received at public and industry meetings. Says chief mine engineer Greg Tucker: "People are watching us closely. They are gung-ho about the project."
Hiring began in May 2005. "We made a few phone calls, and overnight we had two crews," says Heath. The large number of resumes that have been received suggests that many Newfoundland-born people are anxious to return.
All the miners are Newfoundlanders. Of the 77 Aur employees at the site now, 91% are from Newfoundland and it is anticipated that most of the rest hired will likewise be Newfoundlanders. One man had 25 years of experience, but had never worked on the island before; he commented that getting a job at Duck Pond was "like winning the 6/49 [lottery]." New employees have come from Hemlo, the potash mines of Saskatchewan and the oil sands in Alberta, as well as the diamond mines of the Northwest Territories. They are bringing together the best practices from many different mines
.Aur Resources Inc.
Friday, 01 June 2007 00:00
The gold standard in copper
After a long period of stagnation, copper is hot. Demand from China and India is huge and Aur Resources Inc. is using a community-friendly approach to help supply it from mines in Canada and South America, as Keith Regan learns from company executives.
This spring, Aur Resources Inc. celebrated the grand opening of the first major new mining project in central Newfoundland in more than 20 years. The copper and zinc mine’s opening is part of Aur’s strategy to address the global surge in demand for base metals, such as copper, that is pushing prices higher. This opening was completed on time primarily because of Aur’s philosophy of working safely and in an environmentally responsible manner and by working closely with regulators, communities and other stakeholders.
“We have a culture that originates from (founder and current CEO and President) Jim Gill, that encourages working hand in hand with all the stakeholders from an environmental, community and health and safety point of view, to make the project a success,” said Wade Stogran, the company’s director of environmental affairs. “We never try to hide anything or be less than transparent about what we’re doing.”
That approach helped the Duck Pond project get up and running in January 2007 after only two years of engineering and construction and less than four years of permitting. The total capital cost of the mine, processing plant and related infrastructure was US$128 million. Aur had acquired the rights to the mine in March 2002. At the time, the current bull market in copper and zinc—driven largely by demand from Asian markets such as India and China—had not yet started to materialize. Today, relatively limited supplies of copper and continued strong demand have helped keep metal prices high.
For Aur, its success in getting Duck Pond up and running comes after it won high marks from regulators and other third parties for its recently closed Louvicourt mine in Val D’Or, Quebec. Located in northern Quebec, that project won accolades for its approach to treating tailings, the residue of the mining operations. The mine worked in conjunction with regulators, universities and federal research facilities to design state-of-the-art sub-aqueous tailings facilities. These facilities have withstood the test of time and are a proven success. The same tailings deposition strategy is being employed at the Duck Pond mine. Another strategy that was used at Louvicourt and will be employed at Duck Pond is the use of tailings to fill unused mined areas underground. Approximately 50 percent of the tailings produced from the ore at Duck Pond will be returned to the underground as backfill.
AWESOME BIRD REPORT SURE TO BE MORE TO COME
IMO
Defuser....Ken Stead & birdman will school anyone on this subject of VMS. I love your input as always too, You have provided some much needed support here on the board. We are about to see just what transpired at the PDAC Confer this past March really reallly reallllly soon!
Watch everyone run to get in before 10 cents b/c not many left who will try flipping this with weeks left before drilling these holes among all other announcements.
Handcamp will look like "Swiss Cheese when K.S. gets done with it"!
pj
LET'S TALK ABOUT THE OLD HOLE, THE NEW HOLES, AND NO MORE TALK ABOUT THE A-HOLES. HERE YOU GUYS GO FOR THOSE THAT DON'T REMEMBER HANDCAMP / TWI-LITE AND THEIR PAST.
http://pubs.usgs.gov/of/2009/1034/ - ALL VMS RESEARCH
Play this a few times and discover why Ken and Tim are so excited about Handcamp ....... PS: pay very close attn. To VMS Felsic parts http://www?.ircast.co?m.au/confe?rences/acc?10/sfr/pre?sentation/?player.htm?l
HANDCAMP - RESEARCH DONE ON PAST DRILL HOLES
TWILIGHT - SIMPLY AMAZING
TWI-LITE
Classification: Archive
Status: Exploration
Type of Work: Surface
Location:
Canada, Newfoundland
Nearest Landmark: GRAND FALLS
Distance from Landmark: 14 km
Direction from Landmark: SW
Latitude: 48 Degrees 51 Minutes (North)
Longitude: 55 Degrees 48 Minutes (West)
• Property Map
Property News
October 31, 1999
Trenching and prospecting work noted an abrupt change in the strike of the auriferous deformation zone and the strike of the contact between the altered mafic volcanics and the adjoining sediments. Sampling of the structurally complex area along two 1.75 m long channels spaced 4.0 m apart returned assay results of 18.1, 1.1, 1.0 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively and 23.6, 8.6, 0.4 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively. Drilling was planned.
October 31, 1999
Trenching and prospecting work noted an abrupt change in the strike of the auriferous deformation zone and the strike of the contact between the altered mafic volcanics and the adjoining sediments. Sampling of the structurally complex area along two 1.75 m long channels spaced 4.0 m apart returned assay results of 18.1, 1.1, 1.0 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively and 23.6, 8.6, 0.4 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively. Drilling was planned.
October 4, 1999
Fort Knox Gold and Northway report that trenching and prospecting work on the Twi-Lite gold property in Newfoundland has located a structurally complex target area along a 1,500 m long auriferous shear zone. Sampling of the structurally complex area along two 1.75 m long channels spaced 4.0 m apart returned assay results of 18.1, 1.1, 1.0 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively and 23.6, 8.6, 0.4 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 m, respectively. A follow-up program consisting of surface sampling and drilling is planned for early October.
View Source Document »
Fort Knox Gold Resources Inc. and Northway Explorations Limited - Geological Mapping On The Twi-Lite Gold Property In Newfoundland Outlines New Drill Targets
Toronto, Ontario-October 4, 1999-
Fort Knox Gold Resources Inc. (FNX-TSE) and Northway Explorations Limited (NOW-TSE) announce that a recently completed geological mapping and trenching program on their Twi-Lite gold property has located surface gold mineralization in a newly recognized structurally complex area within a previously reported auriferous deformation zone. Trenching and sampling followed by diamond drilling is planned for the property this fall.
The Twi-Lite property is comprised of 190 mining claims totalling 9,500 hectares and is situated 15 km southwest of Grand Falls, Newfoundland. The property is subject to an option-to-purchase agreement, which grants Fort Knox, subject to a 3% NSR, the right to earn a 100% interest in the property. A subsequent, option/joint venture agreement between Fort Knox and Northway grants Northway the right to earn 50% of Fort Knox's
interest in the property.
Since late 1998, Fort Knox and Northway have conducted detailed prospecting, trenching, line cutting, geophysical surveys (IP, HLEM and magnetometer) and diamond drilling on the Twi-Lite property. This work delineated a 1500-meter long auriferous deformation zone localized at the contact between altered mafic volcanic flows and fine-grained clastic sedimentary rocks. Sampling and diamond drilling along and adjacent
to the deformation zone has identified gold mineralization in a variety of geological settings (see previous Fort Knox/Northway press releases dated; April 21 1999, March 23 1999 and January 25 1999).
In August 1999 a trenching and prospecting/geological mapping program noted an abrupt change in the strike of the auriferous deformation zone and the strike of the contact between the altered mafic volcanics and the adjoining sediments from 40 degrees to 315 degrees. This structurally complex area contains narrow quartz veined graphitic sediments and strongly carbonated, bleached and altered mafic volcanics. A previous grab
sample from this area assayed 37.0 g/t Au. Recent sampling along two 1.75 meter long channels spaced 4.0 meters apart returned assay results of 18.1, 1.1, 1.0 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 meters, respectively and 23.6, 8.6, 0.4 g/t Au over consecutive widths of 0.25, 0.50 and 1.00 meters, respectively. The latter channel sample contains an average gold value of 14.5 g/t over the first 0.75 meters.
The recognition of the high-grade gold mineralization occurring at an abrupt change in the strike of the altered mafic volcanics and sediments within the auriferous deformation zone is potentially significant and warrants detailed follow-up. Such structural changes along auriferous deformation zones are excellent exploration targets in many gold mining camps throughout Canada.Fort Knox and Northway plan to carry out a program of trenching, channel sampling and diamond drilling starting in early October 1999. The trenching and sampling programs will be followed by a phased drill program consisting of 6 - 8 boreholes for a total of 1000 meters. The cost of the proposed trenching and
diamond drilling program, budgeted at $100,000, will be funded by Northway.
M.P. Lewis Geological Services has been retained by Fort Knox, the operator, to provide exploration services and supervision for all exploration conducted on the property. All assayed rock and core samples are processed at Eastern Analytical Limited's assay laboratory in Springdale, Newfoundland using the standard fire assay method.
For further information, please contact:
Fort Knox Gold Resources Inc. or A.T. MacGibbon, President & C.E.O.
Phone: (905) 469-0474
Northway Explorations Limited Donald T. Rankin, Secretary-Treasurer Phone: (416) 947-1087
fax: (416) 366-8179
http://www.infomine.com/index/pr/Pa030531.PDF
From: kstead@katexploration.com
To: xxxxxxx
Subject: Re: PJ Birdman and All Others We Love you and most would want to shake your hand
Date: Wed, 3 Mar 2010 05:04:47 -0330
Patrick
Everything seems to be going as planned and we are excited with the Handcamp thus far and believe we will continue to be excited as we move forward. The Twi-lite will also receive a very thorough exploration program this year as well. However, where we have advanced the Handcamp to the drill stage, right now it has become our main focus and as the exploration season unfolds the Twi-lite will get due attention. Thanks for supporting us, we are working hard on your behalf.
------------
Ken Stead
President/CEO
KAT EXPLORATION INC
O-(709) 368-9223
O-(709) 368-9224
F-(709) 368-9213
Email: kstead@katexploration.com
Website: www.katexploration.com
----- Original Message -----
From: patrick roberto
To: ken stead
Sent: Wednesday, March 03, 2010 1:26 AM
Subject: PJ Birdman and All Others We Love you and most would want to shake your hand
Hi K and brother Tim, I would instead say, MR. Stead's on your company. People are saying ....short this ...short that...but We want to let you know, there are those on who believe in what you have as far as properties.. Lucky, we know Vale wants the best of what you both have in form of copper and Rusty, well you know of the elements there. But on Handcamp, you , sorry for the language but , you all kicked but on it. VMS, quadrant by quadrant. If you don't mind, ccing your IR and such, the latest PR was just AWESOME, Just a big bubble of gold and zinc, and silver , and copper .
Any thoughts on Twilighte would be appreciated Handcamp is real as people are thinking but TWiLighT thoughts would be awesome.
if you don't believe how many people want you to succeed just check out the facebook page. I know you are busy but people believe in All of You
PJ
Birdman...I concur....VMS and Legal Team! Duck Pond - Teck Handcamp - K.S.... Drilling company both have/going to used, the same. Property after Property he and his brother have taken up to the the final stages, and negotiations with the biggest and brightest in the industry makes this KAT FULLY GROWN - Watch Out for its Bite!
I know the truth hurts as well pro- "Traders in traders out"
WOW - Don't think it is a Fluke" ...... a retrace to .055.... huh Er0ck whatever
KATX Good Day Jeder - Shout zurück und geben Sie uns Ihre Unterstützung
Kann KATX wiederum ein Backstein Felsen in GOLD? ANSWR Ja:
www.katexploration.com http://www.facebook.com/pages/Kat-Exploration/283084523208?v=info Der Mexikaner stehen ab etwa über und Nachrichten dieser Zeit wird katx schießen nach oben.
Ken Stead CEO von Kat, sagte der Aktien structor "würden nicht chage sei denn, es war ein Joint Venture!" Nun, es war gestern!
Für alle meine deutschen Freunde, die glaubten und keine neuen Investoren aus der ganzen Welt, auch Sie!
CEO gab zurück 8 Mio. als Geschenk und erwartet Drill Tender Name und planen, diese Woche veröffentlicht werden. Mögliche JV - Nun wahrscheinlich JV und 3 Letters of Intent Keine Leerverkäufe MM Spiele - Da sie ein reales Unternehmen, die in Pinkyland einem Schraubenschlüssel in den Plänen warf gefunden Wie viel kostet ein Dollar oder zwei Dollar in Germ frs?
SHARE structor Ändern Sie einfach UPDATE von TA als vom 29. März 2010! Authorized 700000000 Outstanding 454815308 Restricted Shares = 143.000.000 Float = 311815308
http://bb.us.advfn.com/boards/read_msg.aspx?Message_id=48226505&txt2find=rick-uk
Erwartung, bald
LOI mit 3 separaten Eigenschaften Wie groß wäre dies die nächsten Wochen Bekanntmachung dieser Woche: zwei Wochen dauern kann mehr, aber 1. Einzelheiten zu den neuen Forderungen, die noch nicht auf der Halbinsel Bonavista erneut Handcamp angekündigt worden, und diejenigen, durch die Wasser-und Mineralisierung ist, wie jeder andere haben. Wetten, dass es genau wie RUSTY RIDGE ist - wie groß ist diese Eigenschaft?
2. Die Anleger und ihre Finanzierung befassen.
3. Benützt Pläne und Fristen für die beiden crosslisted boards.
4. Ein Überblick für jedes einzelne unserer bestehenden Forderungen einschließlich derjenigen, wir könnten es rundheraus ab, den Verkauf den richtigen Käufer für das, was ausgegraben unserer Erde.
5. Ein Geschäft mit VALE über Lucky und Rusty Ridge - JV oder Verkauf
6. Ein Bohr-Programm für Handcamp beginnt im April
7. CC Aktionäre in Ende April auf die jüngsten Entwicklungen, Future Acquisitions zu diskutieren, und Einnahmen aus der IN
8. Eine Entscheidung von Ken Erreichung der künftigen Ziele auf der Hälfte Exploration, die Hälfte unserer Bergbau Mineralien konzentrieren und künftiger Einnahmen Aktienkurs, und das Wachstum von Neufundland auf alle Kanada.
9. Watching 3 unserer Häuser kommen alle zusammen bis Ende des Sommers
PJ
Von birdmandbob4 zitiert Ja, ich fürchte, wir werden sehen, CHANGE! Und die einzige Änderung, die Sie könnten sehen, ist das sich unter dem Sitzkissen auf Ihrer Couch, wenn Sie nicht schützen Sie Ihr Sparschwein .... Bob
GO KATX
Er0ck - what's up? Fluke are you serious?I Disagree.
When Ken Stead "RESPONDS" this is correct, not only does he know how it will influence the thoughts of others, but that he also watches the words he responds to as such to his shareholders, and if it is unclear he would not agree to such statement as THIS is Correct. When is the last time you took a minute to give him a ring? If so, when is the last time, you posted HEY GUYS JUST TALKED WITH KEN AND.......
SORRY, find it hard to believe you do!
Ken wouldn't post such otherwise if publicly. He has not done so in the past and has made it a point to not do so currently.
So why don't you think this is what he meant? I would love cheap shares too tomorrow, but don't think it will happen.
Er0ck, We had a great day broke those Kat broke those 6's and beginning to think what you want "trader's in - traders out"
"Stones are hard just like gold pass them off and relax"
Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect?
((((Ken Stead Reply)))) That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx.. That is correct, we saw fit to remove approx………Can anyone see what we see
IMHO jv and 8 million in shares as a gift
The truth will set you free!
NEW EMAIL from Ken Stead in response
The truth will set you free!
--- On Mon, 3/29/10, Ken Stead <kstead@katexploration.com> wrote:
From: Ken Stead <kstead@katexploration.com>
Subject: RE: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!
To: "'Bob Nordberg'" <birdmanbob4@yahoo.com>
Date: Monday, March 29, 2010, 10:34 AM
Bob
That is correct, we saw fit to remove approx.. another 8 million shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead
From: Bob Nordberg [mailto:birdmanbob4@yahoo.com]
Sent: Monday, March 29, 2010 12:32 PM
Cc: ken kstead@katexploration.com kstead@katexploration.com
Subject: KEN STATED IN PREVIOUS PR SHARE STRUCTOR WOULD NOT CHANGE UNLESS JOINT VENTURE!!
Good morning Ken in previous pr's you said the share structor would not change unless of a joint venture...corect? and today people are posting of a share structor change? ...please explain...Thank You...Bob Posted by: mo282
Date: Monday, March 29, 2010 10:36:34 AM
In reply to: birdmanbob4 who wrote msg# 30241
Post #[ ] of 30250 [Go]
thats what i was told from the TA, the auth was lower than last time was the OS, BUT its a very minor reduction, so i dont know what to make of it...nonetheless a reduction is good, so something may be up in my opinion....sorry i have mo PM capability so have to post on public.
Link from Ken Stead Share structure change and Sterling's conversation Reminder
Posted by: stervc Date: Wednesday, January 20, 2010 12:17:17 PM
In reply to: Er0ck who wrote msg# 12761 Post # of 30263
Er0ck (& All), some extra DD…
Er0ck, you have done a wonderful job explaining the main points within that KATX PR. I read the PR from top to bottom then I read it again from the bottom up. Here are two things that really made me say that I needed to call Ken to make sure I am interpreting this right. The first paragraph where it mentioned ”private group of investors” and later in the PR where it mentioned ”Private Independent Consultants” and seemed to be referencing them in the next to the last paragraph where it talked about private consulting arrangements:
http://finance.yahoo.com/news/KAT-Exploration-Retires-iw-892660348.html?x=0&.v=1
This led me to think that the company is referring to two different transactions or types of support that will be provided to the company. This then led me to think that there must have been two different types of payments; 50 million restricted share for the ”private group of investors” for up to $5 million dollars and the ”expected to be the last change in capital structure to complete the portfolio of growth and ventures” to the ”Private Independent Consultants.” A friend and I first called the Transfer Agent (TA) this morning to confirm what I was thinking to be the case or not. Such is the case. The new share structure for KATX is as below:
Authorized Shares = 730,000,000
Outstanding Shares (OS) = 463,211,664
Restricted Shares = 143,000,000
Float = 320,211,664
As I mentioned before, I do not plan on calling the CEO to ask many questions very often as I know that he is busy and much of what I have researched confirms that KATX is still significantly undervalued. However, with the latest news, I called Ken. Ken confirmed that my thoughts are correct. He told me that this should be the last change in share structure that they believe is required to position the company for tremendous growth. Ken said that it was very important for KATX to obtain this support by them being a little pink sheets company and to be able to drill and pull out of the ground the huge valuation for its shareholders that they are very confident exists.
Ken told me that the company has been sitting on plenty of news concerning their mining progress, but felt the need to release news concerning their financing, support, their direction, and their ”final” changes to the capital structure. He told me that now they can work on getting mining related news out which is their primary field of growth.
Ken stated that this is the final increase that investors will see to our share structure barring shares needed to secure a Joint Venture (JV) agreement with a major mining company.
Ok, so this is when I really could not help myself. I told Ken that there is public information that is out there confirming that Vale Inco has staked all around KATX claims. I also told Ken that I have some friends that live in your area that have personally confirmed this to be so. From what I was told by a very wise mining friend and from what I have researched, the world is going to run out of copper in about 30 years. The copper properties that belong to KATX are huge and I am sure that you and Vale Inco are aware of this.
I then specifically asked Ken… Are you in contact with Vale Inco concerning some type of Joint Venture (JV) agreement? Ken told me that he cannot answer that question. So I said are you telling me… NO? He said that I am not telling you NO. So I said are you telling me… YES? He said that I am not telling you yes and I am not telling you no. He then said please, I am simply telling you that I cannot answer that question.
From that conversation, I take it that some kind of communication has transpired between KATX and Vale Inco concerning a JV agreement. Ken would not confirm with me such as I would not have expected for him to do so. Still, by him simply not telling me “No” means, in my opinion, that the answer is yes, but he just can’t tell me yes or he would have said no.
Heck, I hated doing that to Ken as I felt like I was backing him into a corner, but I think it is important for early birds here in KATX to really know what it is that we own. I think we own more than a gold mine here with KATX.
Ken got back to the main reason why I called and he stated that I could trust him and his management that any decision they make for the company will be in the best interest of the shareholders first and the company second.
I asked him if it was fair to expect some updates about the Handcamp property in the near future and he said that there are some amazing things going on with the Handcamp property as the company has some huge expectations from that property. Then he said that it is fair to expect quite a few updates on Handcamp starting sometime this week with plenty more to come. He told me that they are about a month or more behind on news to update their shareholders on a few of their properties and acquisitions as they have been very busy. Also, he didn’t want to put out mining related news until they had the preliminary news released to put shareholders at ease about financing, support and making sure that anything needing to be done with its capital structure was done once and for all. He told me to not expect the share structure to change again as their agreements are in place for 5 years. Ken reassured me that he has invested hundreds of thousands of dollars of his own personal money into KATX and that he wants and has a huge interest in making sure KATX succeeds just as much or more than anyone else. My mind was put at ease with his conversation as I think we are still much better than fine here with KATX.
v/r
Sterling
KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on the Horizon
2010-01-19 09:15 ET - News Release MOUNT PEARL, NL -- (MARKET WIRE) -- 01/19/10
KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com, along with its private group of investors who recently funded the company with up to $5 million for 50,000,000 restricted shares, has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. The Private Independent Consultants possess a wealth of experience in the business arena throughout the world and will bring an entire new level of professionalism and key relationships to KAT Exploration as it moves forward.
We feel it to be in the best interest of our shareholders for KAT to seek a dual listing on a major exchange. Along with a US listing, we will now proceed to meet the requirements of gaining a listing on one of the largest Asian Stock Market Exchanges, later to be named. This too is being organized by our Private Independent Consultants.
Along with the new listing, our Consultants will assist in increasing shareholder value by diversifying and adding "Carbon Credit" projects into KAT's portfolio of assets. It is expected that these projects will generate significant amounts of revenue to KAT's bottom line financials. A choice of Carbon Credit projects in Brazil and Sierra Leone are being considered at this time. KAT believes that adding a piece of carbon credit assets to its portfolio will greatly enhance shareholder value.
The New York Times released an article that explained how carbon trading is one of the "fastest- growing specialties in financial services" and how many companies are trying to figure out how to get "a slice of a market now worth about $30 billion and that could grow to $1 trillion within a decade." The article further states that "Carbon will be the world's biggest commodity market, and it could become the world's biggest market over all."
The World Bank manages over $2 billion dollars to purchase credits of greenhouse gas emission reductions from projects that are expected to be registered for the purposes of the Kyoto Protocol's Article 12 (Clean Development Mechanism) or Article 6 (Joint Implementation). As governed by the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol is an international agreement linked to the UNFCCC. The major feature of the
Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.
Private consulting arrangements have been agreed upon which the company believes will greatly contribute towards the growth of the company to justify any current increase in its share structure to provide this array of mining and listing support while securing carbon credit assets. All of these actions are believed to greatly enhance shareholder value of which will be announced later. This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued. The company's final share structure will be updated on pinksheets.com very soon.
We would like to emphasize that while our Consultants will be concentrating on new projects, our mineral properties, especially Gold, will remain the center of our focus.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Cell: 709-690-2908 Fax: 709-368-9213 www.KATexploration.com kstead@KATexploration.com
As many of you remember last time Ken Stead any change to the share structure would only be a result of interest in a joint venture. Anyone have it and post it now. 30 million is a defin change and has been verifed again by TA.
Remember right early January was when it happened.
Read the sticky - minimal differences, but maybe TA will have a different answer later continually going down all week who knows.
KATX: Share Structure - 02/03/2010
Authorized Shares = 730,000,000
Outstanding Shares (OS) = 463,211,664
Restricted Shares = 143,000,000
Float = 320,211,664
GReat Post and geo mining videos for anyone by... 4 5 min. videos with geologist expert on exploration phases mining companies face. Watch it if you can and to birdman " Your idea looks like it was taken partially by this guy, but you wanted more of a schooling with live q and a I believe.
Going to bed I am sure KATX will rock out this week with the Stead Brothers, I am personally looking for the new website being done as Ken has stated to look there first for any changes in news/results in past messages.
Attention All KATX Lovers..Just a Spoonful of Sugar Helps the Medicine go Down, in the most delightful way. (gonna need it tomorrow)
What is the word for next week? What is the word. Come on and let's say all together. Even you, gumpity - get off that rocking chair
AND say it with me "Supercalifragilisticexpialidocious.....IF YOU SAY IT LOUD ENOUGH you will always sound precocious.... Supercalifragilisticexpialidocious! hummdddiidd hummdddidiiiii.
GO KATX Anybody willing? I have a feeling this the week we have all been waiting for.
Video level two trades tomorrow morning and would be doing themselves a huge favor - Show your grandkids and teach them how to invest in the future. Do it people.
Go Katx
Doubloon - Saw your name on the board this morning and a smile was instantly transformed. Thank you for all the help this past year you've provided. I forgot though, what was the latest date Ken could file his end of year forms (around April 12 ish......or so)?. I don't think he will wait that long, but looking for a range of dates.
- Birdman "We are all Rich, Let's Take that Cruise on the water"!!!!
And to my bumpity gumpity... "Your CEO of a xxx needs his new geology report and TSX filing homework sent to him ASAP. KATX is the show now, can't really steal that away, so why even try.
Good bashers at least get 10 dollars a response and I thank you, for my benefit, in coming here and doing it for free.
Come-on-now-really?
PJ
Cannot find an email address for Mr. Hanz.... anybody?
refresh it all works